Jealousy and Equilibrium Overconsumption

By Bill Dupor, Wen-Fang Liu. 2003

407 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/ec1a2250d490cad985e228ef944c88823a9379c2

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Citations in the corpus

Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles (2008, unknown): “In the terminology of Dupor and Liu (2003), the case with α >1 can be called ‘Keeping up with the Joneses’ and that with α <1 ‘Running away from the Joneses’.”
Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption (2003, unknown): “I will rewrite the utility function in equation (11) using the expressions for νyt in equation (9) and ν o t+1 in equation (10) to obtain”
Getting Ahead of the Joneses: When Equality Increases Conspicuous Consumption among Bottom-Tier Consumers (2011, background): “…people with lower levels of possessions to “keep up with the Joneses” by attaining and publicly displaying the same level of possessions as those who are better off (Christen and Morgan 2005; Clark and Oswald 1998; Dupor and Liu 2003; Elster 1991; Feinberg, Krishna, and Zhang 2002; McCormick 1983).”
Consumption externalities, production externalities, and long-run macroeconomic efficiency (2005, methodology): “Dupor and Liu (2003) defined different forms of consumption externalities and explored their relationship with equilibrium over-consumption.”
Individual Well-Being in a Dynamic Perspective (2012, unknown): “…Cochrane, 1999, Galí, 1994), on Pareto optimality (Collard, 1975, and Shall, 1972), on the theory of optimal taxation (Boskin and Sheshinki, 1978, Dupor and Liu, 2003, Ljungqvist and Uhlig, 2000, and Abel, 2005), on the determination of work hours (Bowles and Park, 2005), on public spending (Ng,…”
Neighbors as Negatives: Relative Earnings and Well-Being (2005, background): “As Dupor and Liu (2003) make clear, if the consumption of others affects own marginal utility rather the level of own utility, the consumption of others can influence asset pricing, risk taking, savings, intensity of job search, work effort, economic growth and income inequality.”
Income and happiness: Evidence, explanations and economic implications (2006, background): “In the terminology of Dupor and Liu (2003), the case with α >1 can be called ‘Keeping up”
Relative Wealth Concerns and Financial Bubbles (2008, background): “Dupor and Liu (2003) refer to this property as Jealousy: The agent’s utility is decreasing in average community consumption, .”
When the Joneses’ consumption hurts : Optimal public good provision and nonlinear income taxation (2008, methodology): “Finally, the 5 This case resembles the identical consumption tax derived by Dupor and Liu (2003) in a first best economy.”